Helping You Build Wealth With Honest Research
Since 1996. Read On...

MEMBER'S LOGINX

     
Invalid Username / Password
   
     
   
     
 
Invalid Captcha
   
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

Nucleus Software Plunges 6%; BSE IT Index Up 0.3%
Tue, 6 Aug 16:46

Nucleus Software Plunges 6%; BSE IT Index Up 0.3%Image source: phive2015/www.istockphoto.com

Nucleus Software share price has plunged 6% and is presently trading at Rs 1,202.2.

Meanwhile, the BSE IT index is at 39,337.4 (up 0.3%).

Among the top losers in the BSE IT index today are TANLA SOLUTIONS (down 2.5%) and INFIBEAM AVENUES (down 1.9%).

Firstsource Solutions (up 5.6%) and Sonata Software (up 3.6%) are among the top gainers today.

Over the last one year, Nucleus Software has moved up from Rs 1,140.3 to Rs 1,202.2, registering a gain of Rs 62.0 (up 5.4%).

On the other hand, the BSE IT index has moved up from 30,385.2 to 39,337.4, registering a gain of 29.5% during the last 12 months.

The top gainers among the BSE IT index stocks during this same period were Oracle Financial Services (up 155.3%), INFIBEAM AVENUES (up 107.6%) and Firstsource Solutions (up 101.0%).

Must See: These Segments are Witnessing Incredible Growth with Modi's Push

What About the Benchmark Indices?

The BSE Sensex is at 78,746.0 .

The top losers among the BSE Sensex today are Bharti Airtel (down 1.4%) and M&M (down 1.3%). The most traded stocks in the BSE Sensex are Tata Steel and Tata Motors.

In the meantime, NSE Nifty is at 24,033.1 (down 0.1%). HDFC LIFE INSURANCE and SBI LIFE INSURANCE are among the top losers in NSE NIFTY.

Over the last 12 months, the BSE Sensex has moved up from 65,782.8 to 78,746.0, registering a gain of 12,963.2 points (up 19.7%).

Nucleus Software Financial Update...

Nucleus Software net profit fell 43.6% YoY to Rs 302 million for the quarter ended June 2024, compared to a profit of Rs 536 million a year ago. Net sales declined 5.5% to Rs 1,954 million during the period as against Rs 2,068 million in April-June 2023.

For the year ended March 2024, Nucleus Software reported 49.9% increase in net profit to Rs 1,916 million compared to net profit of Rs 1,278 million during FY23. Revenue of the company grew 30.3% to Rs 8,265 million during FY24.

The current Price to earnings ratio of Nucleus Software, based on rolling 12 month earnings, stands at 19.1.


Equitymaster requests your view! Post a comment on "Nucleus Software Plunges 6%; BSE IT Index Up 0.3%". Click here!